Instructions to Transfer Agent Clause Samples
The "Instructions to Transfer Agent" clause defines the process by which parties provide directions to the transfer agent responsible for handling the transfer of securities or shares. Typically, this clause outlines the form, timing, and authority required for such instructions, ensuring that only authorized parties can initiate or approve transfers. For example, it may specify that written instructions signed by designated officers are necessary before the transfer agent can process a transaction. The core function of this clause is to establish a clear and secure protocol for transferring ownership, thereby reducing the risk of unauthorized or erroneous transfers.
Instructions to Transfer Agent. Each Shareholder agrees that the Company may instruct its transfer agent to impose Transfer restrictions on the Shares represented by certificates bearing the legend referred to in Section 5.01 above to enforce the provisions of this Agreement. The legend shall be removed upon termination of this Agreement.
Instructions to Transfer Agent. Upon the Company’s Escrow Agent receiving the Purchase Price at the Closing, the Company shall cause its legal counsel to issue legal instructions to the Company’s transfer agent of the Common Stock for such transfer agent to issue a certificate in the name of the Investor for the Shares. The Company agrees to cause its transfer agent to issue such stock certificate evidencing the Shares within three (3) business days from the date of the Closing, after which the Company shall further cause its transfer agent to send such original stock certificate by overnight delivery service to the Investor at the address shown in Section 11.5 of this Agreement.
Instructions to Transfer Agent. The Company will issue to its transfer agent an irrevocable instruction letter to issue Common Stock upon conversion of the Preferred Shares (in accordance with the Certificate of Designation and, so long as Section 5(c) above is complied with, free of the Legend) upon receipt of a valid Notice of Conversion from the Purchaser and the certificates representing the Preferred Shares.
Instructions to Transfer Agent. The Company agrees that it shall, ------------------------------ immediately prior to the Effective Date, deliver to its transfer agent an opinion letter of its counsel, opining that at any time the Registration Statement is effective, the transfer agent shall issue, in connection with the issuance of the Shares and the Warrant Shares, certificates representing such Shares and Warrant Shares without the restrictive legend above, provided such Shares and Warrant Shares are to be sold pursuant to the prospectus contained in the Registration Statement. Upon receipt of such opinion, the Company shall use best efforts to cause the transfer agent to confirm, for the benefit of the Investors, that no further opinion of counsel will be required at the time of transfer in order to issue such shares without such restrictive legend.
Instructions to Transfer Agent. The Company shall have communicated appropriate stop transfer instructions to the Transfer Agent to cause the restrictions contained in the Lock-Up Agreements to be effective and shall have provided the Underwriter a copy of such communication and the Transfer Agent's written acknowledgement of receipt thereof and its agreement to comply therewith.
Instructions to Transfer Agent. (a) The Restricted Stockholder hereby authorizes and directs the Company’s transfer agent to transfer the shares of Restricted Stock which are subject to the Restrictions from the Restricted Stockholder to the Company in the event of repurchase of such shares by the Company pursuant to Section 2.1 or forfeiture of such shares pursuant to Section 2.2.
(b) To insure the availability for delivery of the Restricted Stock upon repurchase pursuant to Section 2.1 or forfeiture of shares pursuant to Section 2.2, the Restricted Stockholder hereby appoints the transfer agent as its attorney-in-fact to sell, assign and transfer unto the Company, such shares, if any, repurchased pursuant to this Agreement and shall, upon execution of this Agreement, deliver and deposit with the Secretary of the Company or such other person designated by the Company for delivery to the transfer agent in connection with any such repurchase, the Stock Assignment duly endorsed in blank, substantially in the form attached hereto as Exhibit A (the “Stock Assignment”) and the Instructions to Transfer Agent, substantially in the form attached hereto as Exhibit B. As a further condition to the Company’s obligations under this Agreement, the spouse of the Restricted Stockholder, if any, shall execute and deliver to the Company the Consent of Spouse, substantially in the form attached hereto as Exhibit C (the “Consent of Spouse”).
Instructions to Transfer Agent. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock issuable upon conversion of this Debenture and (ii) agrees that its issuance of this Debenture shall constitute full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Debenture.
Instructions to Transfer Agent. The Company executed and delivered irrevocable Instructions to the Transfer Agent and the Transfer Agent confirmed and accepted such instructions. A copy of such instructions and acceptance was received by the Investor's legal counsel. -------------------------------------------------------------------------------
Instructions to Transfer Agent. At the Effective Time, the Parties shall deliver to the Company’s transfer agent any and all necessary documentation to complete the Cancellation and Exchange.
Instructions to Transfer Agent. Within a reasonable period of time, not to exceed forty-five (45) days, the Company shall issue a letter of instruction to the Company's transfer agent directing the agent to issue all shares owing Thornton pursuant to this Agreement.